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...November alone, pension plans lost about $130 billion, marking the second consecutive month of record declines, according to a new report from Mercer, the financial consulting firm. The companies Mercer studied - those in the Standard & Poor's 1,500 index, which includes household names like 3M and Coca Cola - reported their pension plans ended 2007 with a $60 billion surplus. So the swiftness of this year's decline is astonishing. (Read "Is It OK to Pray for Your...

Author: /time Magazine | Title: Pension Funds Take Another Pounding | 12/5/2008 | See Source »

...curse; synonymous with dysfunction, collapse, and eternal damnation—the Voldemort of the rock world. The group has never made an album better than their 1987 debut “Appetite for Destruction”—one of the best hard rock records ever—and has never written a song better than “Welcome to the Jungle,” that album’s unforgettable first track. Two decades and four albums later, the band has hit its nadir. “Chinese Democracy,” their first album of original...

Author: By Kyle L. K. Mcauley, CRIMSON STAFF WRITER | Title: Guns N' Roses | 12/5/2008 | See Source »

...better place than home. Yet, facing off against the Crimson (4-4-2, 4-3-1 ECAC) on both Friday and Saturday nights is none another than North Dakota (5-8-1, 4-5-1 WCHA), a team that is much stronger than its losing record suggest. The Fighting Sioux began the season ranked No. 5 in the nation, garnering a first-place vote. “This weekend is big for us,” co-captain Jimmy Fraser said. “We’re a .500 team right now, and in terms of national rankings...

Author: By Robert T. Hamlin, CRIMSON STAFF WRITER | Title: Struggling but Tough Fighting Sioux Invade Bright | 12/5/2008 | See Source »

...previous album, “Sam’s Town,” Flowers did not make the mistake of calling “Day & Age” “one of the best albums of the past 20 years,” but the record, despite its missteps, is quite good. The Killers have tried to mark out a departure in this album, but what they need to realize is that listeners love them for what they already are. Their music is an adrenaline rush; like the band itself, it creates the aura of a raunchy, fun-filled...

Author: By Tiffany Chi, CONTRIBUTING WRITER | Title: The Killers | 12/5/2008 | See Source »

...record will show that over the course of the past two years, China did in fact raise the value of its currency against the dollar more than 15%. But it will also show that during his last visit to Beijing as Treasury Secretary - which ended today - Paulson and his team had to ask the Chinese government not to backtrack on its commitment to "continued currency reform," as a Treasury spokesman put it. The RMB has recently weakened against the dollar, raising global alarm bells that China might try to devalue it as a way to revive its gasping export sector...

Author: /time Magazine | Title: Paulson in China: The Monster Under the Bed | 12/5/2008 | See Source »

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